Erdogan’s Ally Says Turkey Needs ‘New and Fair’ Currency Regime

Turkey needs to work on a “new and fair” approach to managing the exchange rate that better suits the country’s economy and its people, according to a key ally of President Recep Tayyip Erdogan.

Speaking at an event in Istanbul on Saturday, nationalist leader Devlet Bahceli called for a new currency regime that safeguards Turkey’s economic relationships and channels its values, according to a recording published by his party’s official account on Twitter’s live-streaming video app Periscope. It “should be one of the most important agenda items” ahead, he said.